Red Bull acquire allocation money from Dynamo

Mike Stobe/GettyRed Bulls general manager Erik Soler said the acquisition of allocation money will present opportunities for the team.

The Red Bulls announced today they acquired allocation money from the Houston Dynamo in exchange for the Red Bulls' natural third round pick in the 2012 MLS SuperDraft and the rights to defender Hunter Freeman.

“We are pleased to acquire more allocation money, as it allows us flexibility to make different moves going forward,” said Red Bull New York General Manager and Sporting Director Erik Soler.

Teams can use allocation money to sign players or allocate money to players' salaries to get under the salary cap. Allocations are dispensed to teams that missed the postseason the previous season, to expansion teams or as compensation for players lost.